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An influx of new supply and the tight labor market's impact on tenant demand will drive the slower pace of growth in the U.S. office sector this year, according to CBRE's latest real estate market outlook.

The company worked on behalf of the borrower, Reception Hotels and Resorts LLC, to provide the three-year, non-recourse construction loan. Reception Hotels and Resorts purchased the fifth and the sixth floors for the hotel.

The development marks the Russia-based company’s first foray into the Atlanta market and its second in the U.S. The firm has tapped C&W to oversee leasing at Rendering of Southern Gateway at Lambert Farms.